Our new balance is $89,290, which takes us into the 80’s and past the Year 21 balance – another mortgage milestone on our amoratisation table.
Category Archives: mortgage
Order Restored!
I’ve had a lovely weekend here, slowly putting my bedroom back together after a thorough clean. I’ve moved some furniture and have been enjoying re-organising the wardrobes and drawers.
Its been quite enjoyable just to fold and sort the clothes when now I only have what fits, what gets worn and what fits in the space. The room feels calm and tidy and there is order instead of overstuffed closets and piles of excess ‘stuff’ that had no space to be stored. Today I have just the clothes that need ironing to do and then its complete. I quite enjoy ironing when I’m not in a rush to get it done before work, so in between work commitments today I’ll iron a few baskets and then I’m done.
Mortgage Payoff:
I’ll be exactly half way through my five year goal on 30th June.My mortgage balance should be $83,999 at the half way mark so I have some catching up to do.
My plan is to pay a full mortgage payment each fortnight on top of our regular weekly payment which would be three payments a month. I’ll also put the income from my second job straight to the mortgage. It means a really tight budget but I’m going to do my best to stick to this plan. I got paid for my second job on time this month and have paid it all off the mortgage.
Well its Monday morning here, time to get started with the day and get ready for a day of work meetings. I had been doing some my day job work in my bedroom but I’m going to stop that as I just want to keep it peaceful and free of stress.
Interest Rates Reduced!
Our bank has reduced the interest rates on the mortgages and its made quite a big saving for us. Because we have three mortgages (2 IPs & PPOR) and the redraw, the total reduction in monthly payments is $408/month.
Usually when interest rates go down we just keep paying the same amount so we are always ahead in our payments. But this time I am going to reduce all the payments except our PPOR mortgage to the minimum and redirect them to the PPOR mortgage, so an extra $408 going towards the mortgage payoff from next month. That is really going to help us make faster progress.
DH made me a desk over the weekend so now I have space I don’t have to share while I’m working from home. We’ve put the curtains up in the lounge room/current office space, they don’t match but they will do for the time being.
We’ve started walking at lunchtime now as the mornings are getting a bit cool – I love Autumn!
Roses are starting to bloom…
…. and this little magpie is a friendly visitor to our house each day..
Another week done and dusted. take care everyone xx